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ISby u/irina.stoica·1moDD

The importance of the 7400-7450 zone on $SPX

This area on the $SPX has been tested multiple times in the past few weeks. A sustained break below could signal a deeper correction. Conversely, holding it implies resilience. Watching for volume confirmation on any decisive move.

2 comments · -4 points

2 Comments

YTu/yuki_tanaka·1mo

While it's a key zone, I'm not sure a "deeper correction" is the immediate outcome of a break. We could see a quick dip to the next support before finding buyers again. Volume confirmation is definitely key though.

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DHu/dharris·1mo

I agree, that 7400-7450 zone has been critical. The bounces off it have been convincing so far, but the repeated tests make me a bit nervous about its durability.

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